§ 12–304
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 12-304 (2026)
Title 12. Credit Regulations
Subtitle 3. Consumer Loans -- Credit Provisions
§ 12–304LinkCopy Citation
(a)
A lender may not directly or indirectly print, publish, distribute, or broadcast any false, misleading, or deceptive statement regarding the rates, terms, or conditions of a loan.
(b)
(1)
If charges or rates of charges are advertised by a licensee, the Commissioner may require him to state them fully and clearly in any manner the Commissioner considers necessary to prevent misunderstanding by a prospective borrower.
(2)
Subject to any condition which the Commissioner may impose to prevent a false impression regarding the scope or degree of protection provided by this subtitle, the Commissioner may permit or require a licensee to refer in his advertising to the fact that his business is under State supervision.